Looks at different Forex Trading Platforms | ForexGen

There are many different forex trading platforms that traders can use. The choice can be a bit daunting for the new trader.

At FXAcademy.net we suggest new traders start with the most commonly used forex platform amongst retail traders has to be the metatrader 4 platform. It is both very easy to use and has good charting software. It also has the ability to run expert advisor scripts. These are scripts that open and close positions automatically according to a set of rules. Expert Advisor scripts usually require little or no human input.

There are a wide array of technical indicators that can be used to analyse charts such as RSI, Stochastics, moving averages, momentum indicators etc. Unlike many platforms, MetaTrader 4 also has the ability to use custom trading indicators

By registering on ForexGen, you create your ForexGen profile and you can go ahead and open as
many Demo accounts , and Live accounts as you need. All accounts can be created online and
managed under your ForexGen profile. You can mix between Mini, Standard, Pro, Premium and
No Dealing Desk accounts in one Profile. Instant Approval.

Learn forex trading | ForexGen

FXAcademy has two tutorials . Going through both of them will greatly assist any individual wishing to teach themself forex concepts.

Fast-track introduction..
This is an easy guide on forex market basics for newbies. The fast track intro is for forex beginners. Experienced traders should skip this simple tutorial .

Advanced Forex.
This is an introduction to advanced forex concepts. A greater part of this tutorial goes into introducing technical and fundamental analysis.Teach yourself advanced concepts such as money management, risk management ….
- Understanding fundamental analysis:
- Learn technical analysis.
More…

Our goals:

To provide education for beginners hence give everyone an opportunity to learn profitable forex trading.

To promote the best forex trading platform.

To endorse the best tools for learning and trading - software, forex education and training ,online brokers, courses, traders’ groups and books.

Why ForexGen?

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.

Introduction to Forex | ForexGen

This introduction is for absolute beginners in Forex trading. If you don’t need to refresh your mind on basics go ahead and skip to the next section:Mechanics of Forex Trading.

What Is Forex?
What Drives The Forex Market?
Exchange Rates.

1. What is Forex ?

No prizes for answering the above. The word Forex consists of two words FOReign and EXchange.

Definition: Forex is a cash market where currencies are traded against each other

The word can be shortened to FX hence the full name for this site becomes Foreign Exchange Academy.

The Forex market is not exactly a single physical location. It can be in a bank, forex bureau, travel agent or wherever trading of one currency for another occurs.
It is an over the counter market. Major Buyers and sellers are banks, governments, corporation , investors, private individuals .These parties exchange currencies at the current going rate known as the spot price.
2. What Drives the Forex Market?

Different countries use different currencies, however cross-border trade has to take place.
The Forex market is therefore a vehicle driven by the need to move monetary payments across borders and transfer funds and value from one currency to another. If the whole world used one currency there would be no need for the forex market.

For example if a US restaurant needs to buy Italian cheese it needs Euros to pay the Italian cheese maker so it must be able to exchange US dollars for Euros.
Likewise if the US restaurant makes the payment in US Dollars the Italian cheese maker must be able to change the Dollars into Euros. It’s as simple as that.

3.Exchange Rates?

What then is the rate used to exchange one currency for another?
How many Euros are exchanged for one US Dollar?
This rate is where the ‘Forex game’ begins. What does this rate depend on?

Several conditions affect the rate of one currency against the other. The most significant factors that move currency rates are interest rates, global trade, inflation, and political stability.

Many other factors determine currency rates and these will be examined next.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

Just What are the benefits of forex trading? | ForexGen

The are many benefits of forex trading when compared to other financial markets. One of the major advantages over all other markets is the low margin requirements.

Some modern retail brokers offer traders leverage of a whopping 500:1. This is a margin requirement of just 0.2%. This may sound very enticing when we think that we can open a $1,000,000 position for just $2,000. However, it is important to remember that leverage can work with you as well as against you. Leverage can amplify your trading gains as well as your losses.

Another huge benefit of the forex market is the fact that it is open 24 hours a day. Just as one financial center closes, another opens. More information about the trading times of different financial centers can be found on our trading hours page.

The Forex market is the most liquid of all the financial markets. The main of this is the fact it can result in some very low spreads (the difference between the buy and sell price), especially on the major currency pairs. For example I have seen spreads of lower than 1 pip on EUR/USD.

Due to the high liquidity of the forex marketplace, it makes it possible to trade a very wide range of forex trading strategies. Some of these include scalping strategies, news spike strategies, swing trading strategies, pseodo hedge type strategies, carry trade strategies and many more.

Another benefit of the currency market is the fact that as it trades currencies, and currencies all have a base interest rate, it opens the opportunity to buy a currency with a high interest rate, whilst selling a currency with a low interest rate. This enables the trader to profit from the difference in the interest rates. This is known as the carry trade.

In conclusion, the forex market has many advantages over the other financial markets and there is great potential to earn excellent returns on your investment. However, it is very important to remember that whilst leverage can improve your trading gains, it can also increase your trading losses.

ForexGen customer satisfaction is our major objective. To reach our business goals, we strive to put our client's goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.

Take Your Cash | ForexGen

ForexGen is continuously providing the Forex market's safest trading terms & conditions

Premium Accounts

Due to ForexGen prior aim to establish a successful corporation between it and its clients, and due to the fact that all our clients reach the climax of satisfaction, ForexGen is always in search for developing its services and satisfy all the needs of its clients.

And for this reason, ForexGen offers for all who desire to open premium account the minimum deposit to open Premium account is now $ 75,000 and it comes with dealing desk enabled account and scalping enabled account.

Adding to this ForexGen charges its clients with ZERO spread account, meaning that this premium account is zero spread.

And this offer will expire by 30 September.Do you think you can miss this chance?

Make Your Profit | ForexGen Market

NDD Accounts

For all those who are interested in trading NND, ForexGen introduces to them incredible chance.
All clients who desire to open NDD account with ForexGen can open with minimum $10.000 for individual account and $ 20,000 for managed accounts.

You all NDD traders come and join before anyone else because you would never find such offer or facilities like what ForexGen offers

Gather More Money With ForexGen

Pro Accounts

Because ForexGen main concern and priority is its clients, and its aim is to stand by the clients to trade profitably, believing that its clients' success is its own too.

So, ForexGen would like to offer all professional traders that the minimum deposit for its pro account is still $1000 and this offer will last till the end of the current year.

Then, it is a chance for all professionals who desire to fund or open ForexGen accounts to fund as low as $1000.

Are you still thinking? What are you doing now? Just leave everything and start living as a Millionaire.